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How Does Money Network Benefit 4 Million People?

About Money Network. The Money Network service automates payroll processing and reduces payroll administration costs by using electronic payroll debit service, while enabling employees to receive their checks electronically and better manage their finances. This convenient online service is ideal for those who are self-employed or for small businesses that need direct deposit. This program is the best way to help small business owners reach their business goals. Here are some of the Money Network benefits.

No Capital Needed. You don’t have to get a loan to open an account or to purchase the cards. Your first time set up and initial deposit is free. In addition to that, after you have created your account you can start accepting money network checks and electronic transfers, without ever having to open an account.

Electronic Debit Cards Available. All of your customer transactions can be completed online with eIP cards. These debit cards are attached to a bank account and are accepted by millions of locations. Customers can pay their balances via e-check, credit card or cash. They can use the cards for personal expenses, rent, insurance, pay utility bills and make travel reservations, just to name a few.

Convenience. Money Network checks and electronic transfers are much more convenient than paper checks because they are processed right then and there. Employees won’t have to wait at the bank to complete a check and send it in by mail, and customers won’t have to go to the store and wait in line to make their money network checks. The app will provide the customer service they deserve.

Money Network Has No Paper Checks. The money network checks and electronic transfers are safer and more secure than paper checks. A person can make an electronic transaction, enter their user information and the transaction is complete within minutes. This makes customer service, fraud prevention and fraud relief easier than ever before.

Money Network Has No Taxes. Money network eIP cards can be used anywhere in the world and they never have to be tax or currency exchanged. This provides relief to businesses, consumers and the environment. The eIP cards are a form of electronic transfer, which does not have to go through currency exchange or the government. Every business has the ability to have their purchases cleared electronically using an eIP card which eliminates currency risks and tax liabilities.

Stimulus Checks Can Be Made Via Direct Deposits. When businesses receive stimulus checks, they can set them up right then and there through the money network system and deposit them into their company account. Businesses can receive these payments via direct deposit and have them available immediately. This provides businesses with the ability to purchase materials, pay for invoices and generate tax-free income.

Americans Use Money Network eCheck Cards Everyday to Make purchases Online. There are currently over 4 million Americans that use the money network debit card every day. The debit card allows consumers to make purchases online by simply inputting their debit card number. These cards provide consumers with the ability to pay with cash as well and add any additional purchases to the card.

Most people prefer using prepaid debit cards because it is easy to obtain, safe and allows consumers to pay their balances on time every month. It is more convenient than traditional bank accounts, which is why many people prefer not to use credit. These prepaid debit cards have been a great benefit to millions of Americans and their families who are struggling to make ends meet and maintain their financial status. According to the economists, this recession will not last for long and as the economy recovers, millions of people will be able to resume paying back their debt with stimulus checks and other avenues such as direct deposits into their business bank accounts.

It is not known how long the recession will last but the stimulus checks and other methods of receiving them should last at least until the end of this fiscal year. This means that millions of people will have the added benefit of being able to pay their bills each month by receiving direct deposit into their business bank accounts. This will provide the benefit of instant funds if needed and also allow for extra spending money each month. As long as these benefits are not stopped or reduced, this money should benefit almost 4 million people.

Money Network does not recommend or endorse any particular bank teller system. Every qualified candidate has the right to receive a referral from Money Network. The decision of selecting between Money Network or direct deposit is completely yours. If you are a low income group and you need extra money each month to keep your family afloat, a Money Network card may be the perfect option for you. Direct deposit will help you pay your monthly maintenance bills while saving your interest.